What's In A Stadium Name?
Go through a list of vintage stadiums and you’ll find iconic names like Sportsman’s Park (St Louis), Shibe Park (Philly), Ebbets Field (Brooklyn), West Side Park (Chicago), etc.
With the exception of a few structures, the old venues designated after team owners and city neighborhoods are long gone, buried in the rich heap of ball park history.
Another step in the mass commercialization of professional sports, stadiums today are more apt to lease their names to private corporations. More than three-quarters of the existing franchises in MLB, NBA and NFL play in facilities associated with a well-known business brand.
Naming deals are typically 10 to 20-year term contracts with fixed annual payments. Advertisers can leverage their labels on an actual site such as CenturyLink Field in Seattle, or an event like the Emirates FA Cup in Britain.
For stadiums and events, selling naming rights can be a welcoming source of ancillary income. For advertisers, it’s a long-term marketing strategy aimed at maintaining and reinforcing a recognized brand.
In sports, commercial naming practices can be traced back to Fenway Park, which opened in 1912 in the Fenway section of Boston. Red Sox owner John Taylor also had an eye on promoting his real estate company, Fenway Realty, to the early throngs of baseball goers.
But it was Wrigley Field in Chicago (photo above) that started gracing stadiums with a corporate appellation. In 1926, chewing gum magnate William Wrigley acquired the Chicago Cubs baseball team and subsequently re-branded Cubs Park as Wrigley Field.
Foxboro Stadium, playground site of the old Boston Patriots, was an early example of a team that sold its naming rights to an entity not affiliated with the franchise. The sports facility opened in 1971 as Schaefer Stadium and was later renamed Sullivan Stadium before being demolished.
Reactions to the corporate branding of sports facilities have generally been supportive, especially if the buyer enjoys strong connections to the local community. Examples are the old Rich Stadium in Buffalo, Heinz Field in Pittsburgh and Coors Field in Denver.
In some instances, a private designation was deemed unacceptable. In 1953, August Busch, owner of the Anheuser-Busch beer company and the St Louis Cardinals, was pushed back by the commissioner of baseball when he proposed to rename Sportsman’s Park, Budweiser Stadium. The parties eventually settled on Busch Stadium.
Worldwide sporting events such as the FIFA World Cup, UEFA Euro, Olympic Games and the Paralympic Games prohibit the use of corporate-sponsored names, seeing it as a form of “ambush marketing”.
Naming transactions have only gotten more lucrative with time. Buffalo-based Rich Products paid $1.5 million per year when the gates opened at the Bills’ football stadium in 1972. Thirty-five years later, NYC's Citifield inked a brand exposure deal worth $20 million per annum, a record high that later followed with the Barclays Center.
With the globalization of sports, corporate logo rights continue to point upwards towards ever growing windfall profits. The future home of the Los Angeles Rams and the renovated stadium for Spain's Barcelona FC are both bidding out naming rights for $30 million a year.
Fortunately, some storied venues have retained their historic designations- Yankee Stadium, Dodger Stadium, Fenway Park.
But as the top three wealthiest clubs in professional baseball, those teams can afford to carry the tradition.
FOOTBALL October 12, 2008 The Arizona Cardinals beat the Dallas Cowboys 30-24 in overtime. The Cards started off the game with a 93-yard kickoff return for a touchdown and ended it with a blocked punt recovery for 3 yards. They wrapped up the season 9-7 and eventually made the Super Bowl, but were taken down by the Steelers 27-23 for the crown.
BASEBALL October 14, 1998 The San Diego Padres defeat the Atlanta Braves 4-2 to win the National League title. They went on to face the NY Yankees at the World Series but lost the championship after being swept 4-0. Founded in 1969, the Padres never won a World Series but were National League champs twice, in 1984 and 1998.
HORSE RACING October 13, 1988 Jockey Mike Venezia is killed in an accident at Belmont Park after he is thrown off his horse and trampled by a trailing horse. Venezia rode 2,313 winners in his career and was President of the Jockeys’ Guild from 1975-81. In December, 1964, he won 6 races in just a single day at Aqueduct Racetrack.
AUTO RACING October 8, 1978 American race car driver Mario Andretti wins the F1 Driver’s World Championship. Andretti claimed 6 of the 16 Formula One races that season and today remains the last American to lift an F1 trophy. The Italian-born racer is only one of two drivers to have won the F1, Indycar, NASCAR, and World Sportscar Championship.